Tuesday, 24 March 2009

Daimler’s move possible ‘blueprint’ for carmakers

Investors and the German government hailed Daimler’s move to lure Abu Dhabi-based Aabar Investments as an anchor investor, in a deal that could act as a blueprint for other carmakers.

Daimler’s share price jumped by up to 7 per cent, after it emerged on Sunday that Aabar had invested €1.95bn ($2.65bn) for a 9.1 per cent stake in the German premium carmaker.

Investors cheered, even as Daimler’s 10 per cent capital increase diluted existing shareholdings.

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